Resource Allocation in a Free Market: Is it Better?

Resource Allocation in a Free Market: Is it Better?

Jul 14, 2015 | No Comments

Resource allocation refers to the way in which resources are distributed to produce various goods and services. One of the key characteristics of a free market economy is that all resources are privately owned.

The Garden State to See a New Casino

The Garden State to See a New Casino

Jul 7, 2015 | No Comments

According to a report by the Associated Press on May 26, 2015, a new casino is said to open in New Jersey, outside the limits of Atlantic City.

Visa Restrictions from China Sharply Hit Macau’s Growth

Visa Restrictions from China Sharply Hit Macau’s Growth

May 6, 2015 | No Comments

Macau’s growth has been sharply hit as anti-corruption regulations in China, along with a ban on smoking in the Macau casinos and visa restrictions for gambling in Macau

On Joseph Schumpeter’s Idea of Creative Destruction

On Joseph Schumpeter’s Idea of Creative Destruction

Apr 29, 2015 | No Comments

Creative destruction refers to the continuous product and process innovation mechanism by which new units of production replace outdated ones.

Steve Wynn, Casino Magnate

Steve Wynn, Casino Magnate

Apr 22, 2015 | No Comments

When you hear the name Wynn, you think Wynn Resorts, Wynn Macau, Wynn Las Vegas.

Asia Expected to See Casino Growth in 2015

Asia Expected to See Casino Growth in 2015

Apr 3, 2015 | No Comments

According to a report published by Forbes Magazine on January 7, 2015, Wynn is one of the several resorts looking to

A Beginners Guide to Casino Gambling

A Beginners Guide to Casino Gambling

Mar 28, 2015 | No Comments

“Run for the hills, while you still can!” This is something you always need to keep in mind as you enter the casino. And,

What does the Free Market Economist Arvind Panagariya Plan for India?

What does the Free Market Economist Arvind Panagariya Plan for India?

Mar 26, 2015 | No Comments

According to an article in The Hindu, published on January 13, 2015, Arvind Panagariya became the first Vice-Chairman of the Niti Aayog.

Raghuram Rajan: Backing India’s Dream to Reach for the Stars

Raghuram Rajan: Backing India’s Dream to Reach for the Stars

Mar 23, 2015 | No Comments

According to a report in CNN IBNLive, published on January 13, 2015, Raghuram Rajan the Governor of the Reserve Bank of India (RBI),

What Power does the Free Market Hold?

What Power does the Free Market Hold?

Mar 16, 2015 | No Comments

“Our society is what we make it. We can shape our institutions,” says Milton Freidman in his book, Free to Choose.